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Home UAE Oil Trader - Paper

Oil Trader - Paper

Full time at Rock Petroleum in UAE
Posted on February 13, 2025

Job details

About Rock Petroleum Rock Petroleum is a leader in the supply of resources to power the planet. Established in 2018, our company boasts a team of experienced professionals dedicated to stakeholder value creation. Committed to fulfilling global energy needs while minimizing waste, we uphold responsible business practices, propelling us to become a global powerhouse. Job Summary Rock Petroleum is seeking a highly skilled and proactive Oil Trader - Paper to manage our financial trading activities related to oil markets. This role will focus on the trading of oil derivatives (futures, options, and swaps) to hedge physical positions and optimize profitability through market speculation and risk management strategies. Job Responsibilities As an Oil Trader - Paper, your responsibilities will include:

  1. Market Analysis: Analyze the global oil markets to identify trends, price movements, and arbitrage opportunities in oil futures, options, and swaps.
  2. Derivatives Trading: Execute trades in oil derivatives to hedge physical positions, manage risk, and capture speculative opportunities. Develop and implement strategies to manage market exposure.
  3. Portfolio Management: Manage a portfolio of paper trades, balancing risk and reward to achieve optimal trading outcomes.
  4. Risk Management: Use tools and techniques to monitor, measure, and control market, credit, and liquidity risks. Adhere to risk limits and ensure positions align with the company's risk management policies.
  5. Strategy Development: Develop and execute trading strategies to optimize hedging of physical oil transactions and enhance the profitability of the paper book.
  6. Compliance and Reporting: Ensure all trading activities comply with regulatory requirements and internal controls. Maintain accurate records of trades and provide regular performance reports to senior management.
  7. Collaboration: Work closely with physical oil traders, risk management teams, and finance departments to ensure seamless integration between the paper and physical books.
  8. Performance Monitoring: Monitor and assess the performance of the derivatives portfolio against key benchmarks and adjust strategies as necessary.
Requirements To be successful in this role, you should:
  1. Hold a bachelor's degree in Finance, Economics, Mathematics, or a related field. CFA or other professional qualifications are preferred.
  2. Have 5+ years of experience in oil derivatives trading, with a strong understanding of futures, options, and swaps.
  3. Demonstrate solid quantitative and analytical skills, with the ability to assess market data and develop trading strategies.
  4. Be experienced in hedging physical positions through paper markets.
  5. Possess in-depth knowledge of market risks, including market volatility, and experience managing large portfolios.
  6. Show excellent decision-making, communication, and team collaboration skills.
Why join Rock Petroleum? At Rock Petroleum, we provide you with the platform to excel in the financial oil markets. As part of a globally recognized company, you will be at the forefront of oil trading, ensuring strategic risk management and optimal financial performance. We offer competitive compensation, professional growth opportunities, and a dynamic work environment. Join us. We Rock. #J-18808-Ljbffr

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